Enersys (ENS) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Enersys (NYSE:ENS) issued its quarterly earnings results on Wednesday. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by $0.01, Briefing.com reports. The business had revenue of $622.60 million for the quarter, compared to analyst estimates of $615.77 million. Enersys had a return on equity of 19.57% and a net margin of 6.77%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Enersys updated its Q2 guidance to $1.03-1.07 EPS.
Enersys (NYSE ENS) traded down 1.12% during mid-day trading on Wednesday, hitting $72.36. 181,069 shares of the company were exchanged. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 19.88 and a beta of 1.65. The firm has a 50 day moving average price of $72.82 and a 200 day moving average price of $77.27. Enersys has a 12 month low of $63.10 and a 12 month high of $84.74.
In related news, insider Holger P. Aschke sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $81.00, for a total transaction of $243,000.00. Following the transaction, the insider now directly owns 28,928 shares of the company’s stock, valued at approximately $2,343,168. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kerry M. Kane sold 4,413 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $82.16, for a total value of $362,572.08. Following the transaction, the vice president now directly owns 17,210 shares in the company, valued at $1,413,973.60. The disclosure for this sale can be found here. Insiders have sold a total of 7,676 shares of company stock worth $627,462 over the last three months. 1.40% of the stock is currently owned by corporate insiders.
Several analysts have recently issued reports on ENS shares. Zacks Investment Research raised shares of Enersys from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Monday, May 8th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Enersys in a research report on Thursday, May 4th. ValuEngine raised shares of Enersys from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut shares of Enersys from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $84.33.
Enersys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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